TD Asset Management Inc Has $23.75 Million Stake in The Middleby Corporation $MIDD

TD Asset Management Inc reduced its holdings in shares of The Middleby Corporation (NASDAQ:MIDD) by 21.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 178,640 shares of the industrial products company’s stock after selling 47,846 shares during the period. TD Asset Management Inc’s holdings in Middleby were worth $23,747,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Clarkston Capital Partners LLC lifted its stake in Middleby by 0.6% in the second quarter. Clarkston Capital Partners LLC now owns 692,764 shares of the industrial products company’s stock valued at $99,758,000 after buying an additional 4,204 shares during the period. Olstein Capital Management L.P. grew its position in shares of Middleby by 34.2% during the 3rd quarter. Olstein Capital Management L.P. now owns 57,000 shares of the industrial products company’s stock worth $7,577,000 after buying an additional 14,538 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Middleby in the 2nd quarter valued at $478,000. Vestor Capital LLC lifted its position in shares of Middleby by 268.0% during the 2nd quarter. Vestor Capital LLC now owns 3,680 shares of the industrial products company’s stock valued at $530,000 after acquiring an additional 2,680 shares during the period. Finally, Pacific Capital Partners Ltd bought a new position in Middleby during the third quarter worth $2,144,000. 98.55% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Robert W. Baird lifted their price target on shares of Middleby from $159.00 to $197.00 and gave the company an “outperform” rating in a research note on Friday. Canaccord Genuity Group set a $187.00 price target on Middleby and gave the stock a “buy” rating in a research note on Tuesday. Weiss Ratings reiterated a “sell (d)” rating on shares of Middleby in a report on Monday, December 29th. Barclays set a $168.00 price objective on Middleby and gave the company an “overweight” rating in a report on Tuesday, November 11th. Finally, Zacks Research cut Middleby from a “strong-buy” rating to a “hold” rating in a report on Monday, January 26th. Five equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $174.17.

Middleby Stock Performance

Shares of Middleby stock opened at $168.86 on Friday. The Middleby Corporation has a 52 week low of $110.82 and a 52 week high of $169.44. The company has a quick ratio of 1.10, a current ratio of 2.07 and a debt-to-equity ratio of 0.69. The business has a 50 day moving average price of $154.96 and a 200-day moving average price of $139.56. The company has a market cap of $8.51 billion, a PE ratio of -29.47 and a beta of 1.40.

Middleby (NASDAQ:MIDD) last announced its quarterly earnings results on Thursday, February 26th. The industrial products company reported $2.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.15. Middleby had a positive return on equity of 13.88% and a negative net margin of 7.44%.The business had revenue of $866.43 million during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the prior year, the company posted $2.88 earnings per share. Middleby’s revenue was up 4.5% compared to the same quarter last year. Middleby has set its FY 2026 guidance at 9.200-9.360 EPS and its Q1 2026 guidance at 1.900-2.020 EPS. Equities analysts anticipate that The Middleby Corporation will post 9.11 earnings per share for the current fiscal year.

More Middleby News

Here are the key news stories impacting Middleby this week:

• Positive Sentiment: Analysts raised targets and ratings — Robert W. Baird raised its price target to $197 (outperform) and KeyCorp boosted its target to $190 (overweight); street research upgraded forecasts after the results. These upgrades helped lift sentiment. Analysts Boost Forecasts After Q4
• Positive Sentiment: Q4 EPS beat — Middleby reported $2.42 EPS vs. consensus $2.27, showing underlying profitability strength that supported the stock despite other headwinds. MIDD Beats Q4 Estimates
• Positive Sentiment: New Smart Kitchen Innovation Centre — Middleby launched a Smart Kitchen Innovation Centre, signaling continued investment in product R&D and commercial tech that could drive future wins in foodservice and OEM channels. Smart Kitchen Innovation Centre
• Positive Sentiment: Food‑processing spin‑off leadership named — Middleby named Mark Salman CEO and Mark Bowie COO of the Food Processing business ahead of its planned Q2 2026 separation, a structural move that could unlock value for shareholders. Leadership for Food Processing Spin‑off
• Neutral Sentiment: Updated 2026 revenue target and portfolio optimization — Management outlined a 2026 revenue target of $3.27B–$3.36B as it accelerates portfolio optimization; this clarifies the plan but is lower than some prior street expectations. 2026 Revenue Target & Portfolio Plan
• Neutral Sentiment: Earnings materials posted — Full earnings transcript and slide deck are available for investors who want to dig into segment details and management commentary. Q4 Earnings Transcript & Deck
• Negative Sentiment: Revenue miss and soft revenue guidance — Q4 sales of $866.4M missed the ~$1.01B consensus, and management set Q1 revenue guidance ($760M–$788M) and FY revenue guidance (~$3.3B–$3.4B) well below analyst estimates, which could limit upside until top‑line recovery is visible. Revenue Miss & Soft Guidance
• Negative Sentiment: Profitability nuance — The company reported a negative net margin (reported -5.22%) despite the EPS beat, a metric investors will watch as revenue headwinds and integration costs from portfolio actions play out. Earnings Summary & Metrics

Insider Activity

In other news, Director Robert A. Nerbonne purchased 780 shares of the business’s stock in a transaction that occurred on Tuesday, December 9th. The shares were acquired at an average cost of $128.52 per share, for a total transaction of $100,245.60. Following the completion of the acquisition, the director owned 21,471 shares in the company, valued at $2,759,452.92. This trade represents a 3.77% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 6.18% of the stock is currently owned by insiders.

About Middleby

Middleby Corporation is a global manufacturer and distributor of commercial foodservice and food processing equipment. The company designs, engineers and markets a wide range of cooking, baking, refrigeration, warewashing, holding and dispensing solutions. Middleby’s products serve restaurants, hotels, convenience stores, institutional cafeterias, cruise ships and other foodservice operators.

The company’s portfolio spans multiple well-known brands, including Blodgett ovens, TurboChef rapid‐cook ovens, Southbend ranges and broilers, Pitco fryers, and Viking residential and commercial kitchen appliances.